“This e-commerce growth and consumer demand for the quick delivery of goods have triggered a boom in the development of distribution centers near urban markets.

In Kern County, the boom can be seen in the Tejon Ranch Commerce Center, at the foot of the Grapevine, and the Wonderful Industrial Park in Shafter. These are two of the southern San Joaquin Valley’s most prominent developments for distribution centers.

And officials with both developments are optimistic about the future….”

(Click link for full article)

E-commerce driving Kern distribution center growth _ Kern Business Journal _ bakersfield

TEJON RANCH, California, October 4, 2017 – Tejon Ranch Co. (NYSE-TRC) – Tejon Ranch Co. (“Tejon”) announced today that it has commenced the previously announced rights offering to raise gross proceeds of up to approximately $75 million.  Under the terms of the rights offering, Tejon has distributed, at no charge, to the holders of its common stock as of 5:00 p.m., New York time, on October 4, 2017, one transferable subscription right for each share of Tejon common stock then owned.  Each subscription right entitles the holder to purchase 0.20 shares of common stock using a purchase price of $18.00 per whole share.

The rights offering also includes an over-subscription privilege, which entitles a stockholder who exercises all of its basic subscription privilege in full the right to purchase additional shares of common stock that remain unsubscribed at the expiration of the rights offering, subject to the availability and pro rata allocation of shares among persons exercising this over-subscription right.  If there are not enough unsubscribed shares to honor all requests under the over-subscription privilege, Tejon may, at its discretion, elect to issue up to an additional 833,333 of over-allotment shares to honor requests under the over-subscription privilege.  If the over-allotment shares are issued maximum gross proceeds in the offering would be approximately $90 million.

The subscription period for the rights offering is expected to expire at 5:00 p.m., New York time, on October 27, 2017.  The shares issued in connection with the rights offering are listed on the New York Stock Exchange, and the rights are expected to trade on the New York Stock Exchange until the day before the expiration of the subscription period.

The net proceeds of the offering will be used to provide additional working capital for general corporate purposes, including to fund general infrastructure costs and the development of buildings at Tejon Ranch Commerce Center, to continue forward with entitlement and permitting programs for the Centennial at Tejon Ranch and Grapevine at Tejon Ranch communities and costs related to the preparation of the development of Mountain Village at Tejon Ranch.

Stockholders who hold their shares directly will receive a prospectus supplement, together with a letter from Tejon and other materials describing the rights offering.  Those wishing to exercise their rights should review all materials, properly complete and execute the subscription rights certificate and deliver it and payment in full to the subscription agent, Computershare:

The Information Agent for the Offer is:

1290 Avenue of the Americas, 9^th Floor

New York, NY  10104

(888) 565-5190 (Toll Free)

Holders of subscription rights whose shares are held in street name through a broker, custodian bank or other nominee must instruct their broker, custodian bank or nominee whether or not to exercise subscription rights on their behalf.  Those wishing to obtain a separate subscription rights certificate should promptly contact their broker, custodian bank or other nominee with that request, although it is not necessary to have a physical subscription rights certificate to elect to exercise rights if shares are held in street name.

Tejon reserves the right to modify, extend, postpone or cancel the rights offering at any time prior to the closing of the sale of the shares in the offering.  Tejon has engaged Georgeson LLC as information agent with respect to the rights offering.  A copy of the prospectus or further information regarding the rights offering may be obtained by contacting Georgeson LLC at 1-888-565-5190 (toll free).

Tejon has filed a shelf registration statement (including a prospectus supplement) with the Securities and Exchange Commission (Reg. No. 333-210875).  Before you invest, you should read the prospectus supplement and other documents Tejon has filed with the SEC for more complete information about Tejon and the rights offering.  This announcement shall not constitute an offer to sell, or the solicitation of an offer to buy the rights or the underlying shares, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

About Tejon Ranch Co.

Tejon Ranch Co. is a diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield.

More information about Tejon Ranch Co. can be found online at http://www.tejonranch.com.

Forward Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  These include, without limitation, our statements contained above regarding the proposed rights offering, and other statements that are not historical facts.  These statements involve risks and uncertainties that could cause actual results and events to differ materially, including the possibility that the rights offering may be delayed or cancelled before it closes.  For a discussion of further risks and uncertainties related to Tejon’s business, please refer to our public company reports and the Risk Factors enumerated therein, including our Annual Report on Form 10-K for the year ended December 31, 2016 and subsequent reports, filed with the SEC.  Tejon undertakes no duty to update any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statements are based.

Contact:

Listen to our new podcast and discover Tejon Ranch’s history

We’re excited to launch our new podcast series about the history of Tejon Ranch. You might not know it but Tejon Ranch played a huge (and sometimes colorful) role in the founding of California. From Spanish explorers to Russian fur traders to gold miners to Kit Carson, we’ll explore the way it was in early California and share excerpts from the book, Tejon Ranch: Preserving the Legacy of a California Treasure.

Listen, learn—and enjoy!

Tejon Ranch Co. (“Tejon”) announced today that it has set the terms for a rights offering approved by its Board of Directors.

Under the terms of the rights offering, Tejon will distribute, at no charge, to the holders of its common stock as of 5:00 p.m., New York time, on October 4, 2017, one transferable subscription right for each share of Tejon common stock then owned. Each subscription right will entitle the holder to purchase 0.20 shares of common stock using a purchase price of $18.00 per whole share. Assuming the rights offering is fully subscribed, Tejon currently expects the gross proceeds of the offering to be approximately $75 million.

The rights offering also includes an over-subscription privilege, which entitles a stockholder who exercises all of its basic subscription privilege in full the right to purchase additional shares of common stock that remain unsubscribed at the expiration of the rights offering, subject to the availability and pro rata allocation of shares among persons exercising this over-subscription right. If there are not enough unsubscribed shares to honor all requests under the over-subscription privilege, Tejon may, at its discretion, elect to issue up to an additional 833,333 of over-allotment shares to honor requests under the over-subscription privilege. If the over-allotment shares are issued maximum gross proceeds in the offering would be approximately $90 million.

Tejon also announced that the mailing of offering materials to stockholders is expected to begin by 5:00 p.m. New York time, October 4, 2017 and that the subscription period will expire at 5:00 p.m., New York time, on October 27, 2017.

The shares issued in connection with the rights offering will be listed on the New York Stock Exchange, and the rights are expected to trade on the New York Stock Exchange until the day before the expiration of the subscription period.

The net proceeds of the offering will be used to provide additional working capital for general corporate purposes, including to fund general infrastructure costs and the development of buildings at Tejon Ranch Commerce Center, to continue forward with entitlement and permitting programs for the Centennial at Tejon Ranch and Grapevine at Tejon Ranch communities and costs related to the preparation of the development of Mountain Village at Tejon Ranch.

Tejon reserves the right to modify, extend, postpone or cancel the rights offering at any time prior to the closing of the sale of the shares in the offering.

Tejon has filed a shelf registration statement (including a prospectus supplement) with the Securities and Exchange Commission (Reg. No. 333-210875). Before you invest, you should read the prospectus supplement and other documents Tejon has filed with the SEC for more complete information about Tejon and the rights offering. This announcement shall not constitute an offer to sell, or the solicitation of an offer to buy the rights or the underlying shares, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

About Tejon Ranch Co.

Tejon Ranch Co. is a diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield.

More information about Tejon Ranch Co. can be found online at http://www.tejonranch.com.

Forward Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include, without limitation, our statements contained above regarding the proposed rights offering, and other statements that are not historical facts. These statements involve risks and uncertainties that could cause actual results and events to differ materially, including the possibility that the rights offering may be delayed or cancelled before it closes. For a discussion of further risks and uncertainties related to Tejon’s business, please refer to our public company reports and the Risk Factors enumerated therein, including our Annual Report on Form 10-K for the year ended December 31, 2016 and subsequent reports, filed with the SEC. Tejon undertakes no duty to update any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statements are based.

The California gold rush is often tied to the history of San Francisco and its legacy and development, and rightly so. But I wanted to share a little-known (but fun) piece of California history regarding the gold rush, and that’s the crucial role the founder of Tejon Ranch played in the gold rush, the state’s population boom, and the birth and growth of California as we know it today.

But first, let’s step back before the days of the gold rush and take a look at the history of the land that one day would become Tejon Ranch.

What’s in a name?
Tejon Ranch got its name from Lt. Francisco Ruiz who called the region El Tejon, Spanish for badger, after his soldiers found a dead badger at the mouth of the canyon. Ruiz also named the canyon Cãnada de las Uvas (Grapevine Canyon), because of the abundance of grapevines found there. From there, word got out about the natural beauty and available bounty, like beaver, and the exodus was on.

Trappers, explorers … and war
Soon, trappers, traders and explorers flooded into the Tehachapi Mountain area, led by Jedediah Strong Smith. Tejon Ranch had some famous visitors, too. Kit Carson, one of the West’s most noted figures, rode the ranges of Tejon, scouting and trapping beaver in the early 1800s.

In 1843, Tejon Ranch was officially established as a Mexican land grant, and all the while Col. John C. Fremont, Kit Carson and Alex Godey, another frontiersman, explored the region.

By the mid-1800s, war was brewing between the U.S. and Mexico and in 1846, the Mexican American War broke out. During the war, Lt. Edward Fitzgerald Beale, the eventual owner of Tejon Ranch, arrived in California as a naval officer, and served with Fremont, ultimately being recognized as a war hero for his role in the battle of San Pasqual, 30 miles north of San Diego.

‘There’s gold in them thar hills!’
With the treaty of Guadalupe Hidalgo in 1848, the Spanish-Mexican rule ended in California. The other big news that year?  Gold!  News of the discovery was confined to California until Beale made the perilous journey across Mexico on horseback, eventually boarding a ship in Vera Cruz, sailing to the Southeastern U.S., then made his way by stagecoach to the east coast, becoming the first person to carry the news to Washington, DC of the discovery of gold in California. Though it’s been widely reported that Kit Carson was the first Californian to bring the news about the discovery of gold to the Army, Beale beat him by two months.

The legacy lives on

The news of gold eventually brought hundreds of thousands of people to California from the rest of the U.S. and abroad.  In 1850, California became one of the few American states to go directly to statehood without first being a territory.

Today, at 422 square miles, Tejon Ranch is the largest single expanse of private property in the state.  It’s also the next great opportunity in California with existing and future real estate developments strategically located along Interstate 5—the main artery that connects northern and southern California.  It also boasts thousands of acres of orchards and vineyards, bountiful wildlife, and vast stretches of land that will remain in their natural state, protected by California’s largest and most significant private conservation agreement. We’re proud of the history of the Ranch and the future it offers to California and beyond. 

By Barry Zoeller

Zoeller is vice president, corporate communications & investor relations at Tejon Ranch.

The people of Tejon Ranch take great pride in the careful and responsible management of the land entrusted to them.

In 2008, an agreement with five major environmental groups was forged to form partnerships ensuring continued stewardship that is already embedded the ranch’s culture.  90% of the land will remain undeveloped for future generations to enjoy. The agreement is an outgrowth of the vision for its land that Tejon Ranch has been articulating for years, a vision that includes extensive conservation.

This podcast offers an inside look into the culture of stewardship that permeates every aspect of Tejon, its programs and future development.  It’s why the land is so breathtaking.

Barry Zoeller and Mike Campeau talk about stewardship and what it means to Tejon Ranch, its future residents and generations who will be able to enjoy the ranch for years to come because of this unprecedented effort.

Tejon Ranch is your not-so-secret stop between Southern and Northern California. Nearly 14 million people visit every year and that number keeps growing. Twenty-five percent of travelers from Los Angeles, Orange and Ventura Counties stop at Tejon Ranch when they’re traveling up I-5 to destinations in Northern and Central California like the Bay Area, Sacramento, Yosemite and Sequoia National Parks…and many, many others.

There’s good reason why. Hungry or road-weary travelers can shop, grab a bite to eat, or fuel up for their next adventure.

Where to Shop

Surrounded by the beautiful, scenic landscape of historic Tejon Ranch, the Outlets at Tejon serves the shopping needs of residents, tourists, and travelers alike. Recognized as a top shopping destination in the West for two years in a row by Groups Today magazine, the Outlets offer shoppers more than 60 top designer and value brands in fashion, footwear, accessories, and home goods to choose from. Stores include the Nike Factory Store, Levi’s Outlet Store, the new Express Outlet, and many more.

Attractive canopies completely cover the breezeways to shade customers complemented by energy-efficient fans, so shoppers can browse shops in comfort, rain or shine. Enjoy landscaped and hardscaped grounds, water features and relaxing furniture in open-air courtyards and curving retail promenades, as well as a pet-friendly atmosphere, which includes two grassy park areas. Hungry shoppers also have numerous food options including Subway, Tony’s Pizza, Don Perico’s, and more.

If you stop at the Outlets on Labor Day Weekend, be sure to check out the numerous sales and bargains!

On the Road: Services for Motorists

Beyond the Outlets, visitors have many other options to choose from at Tejon Ranch. The Travel Center is the perfect stop-off on your journeys across California.

Where to eat. Ample food options for travelers include In-N-Out Burger, Firehouse Subs, Chipotle, Pieology Pizza, Baja Fresh, Black Bear Diner, Habit Burger, and others.  There are two Starbucks located at the Commerce Center, one on each side of I-5.  Cool fact: The Starbucks on the west side ranks as one of the top five performing Starbucks in the nation. We love our coffee at Tejon.

Fuel up and charge up. Fuel offerings include TA and Petro, which served approximately 540,000 trucks and dispensed more than 1.1 million gallons of gas and nearly 1.6 million gallons of diesel each month in 2016. If you’re one of the lucky folks who own a Tesla, there are more than 20 Tesla charging stations available for your use.

Rest up. Too tired to get back on the road? Lodging offerings include a Best Western and Microtel. You’ll probably notice some construction activity. An 82-room Hampton Inn is being built and is scheduled to open next year.

We Look Forward to Seeing You Soon
Whether you’re just out for the day exploring Tejon Ranch or driving up and down California on your way to fun and exciting destinations, Tejon Ranch is the perfect place in the middle of your road trip to cool your heals, chow down, fill up, and do some shopping.

Pro tips from Mike Campeau. Mike Campeau has been associated with Tejon Ranch for over 40 years in various outdoor programs.

Mike Campeau

Hiking Tejon Ranch is a great way to get exercise, get outside, and explore all that we have to offer. If you belong to our Explorer Membership you’ll have access to thousands of acres of our stunning hills and valleys, from sunrise to sunset. But, before you lace up your shoes boots and put on a backpack and come hiking, we have some tips to make your hike fun and engaging.

1. Prepare for the elements. Tejon Ranch can be chilly in the morning then blazing hot during the day, or sunny one moment and rainy the next. Bring extra water, food, and a hydration system. Wear boots with strong ankle support to handle the different trails at Tejon Ranch. We have wildlife trails, cattle trails, and meandering dirt roads or jeep trails each with their own varying degree of walkability. A walking stick might be helpful as well.
2. Bring a headlight and first-aid kit. Just in case you get injured or get stuck out on the trails after the sun goes down, each of these will come in handy. (Remember, there’s no overnight camping on the Ranch – you’ll need to get back to your campsite anyhow.)
3. Bring a GPS unit or SPOT device. Cell service can be limited in certain areas of the Ranch so bring a device that works without cell service. SPOT tracking provides a GPS trail of your route so you can be tracked if you get lost. Remember, we’re an actual working ranch and we have more than 25,000 acres to explore. We encourage wandering but not getting lost.
4. Bring your smartphone or digital camera. Even without cell service you can still use your phone’s camera. And trust us, you’ll need it. From rugged mountains, steep canyons, oak-covered rolling hills, and broad valleys, to an assortment of wildlife, there’s a lot to take in and capture with a camera.
5. Hike in the morning or late afternoon. These are the best times when the Tejon Ranch resident wildlife really put on a show. You might see California mule deer, black bear, Rocky Mountain Elk, and red-tail hawks soaring through the sky. It’s breathtaking to see a golden eagle get swept up in the wind currents. And as the sun goes down, stargazing at the Ranch is out of this world.

Tejon Ranch offers beginner and seasoned hikers an amazing backdrop to explore our legacy and heritage. We want to stress that you should be prepared before coming out and visiting us. Dress right, bring food and water and bug spray, sunscreen and a hat. But most of all? Have a great time exploring!

For more information on joining our Explorer Membership and getting access to the ranch to hike (as well as biking, camping, photography and other fun activities) contact Christine Hollis at (661) 663-4284 or chollis@tejonranch.com

LA COUNTY RELEASES DRAFT ENVIRONMENTAL IMPACT REPORT 
FOR CENTENNIAL AT TEJON RANCH

Consistent with the Antelope Valley Area Plan, Centennial will create 
30,000 permanent jobs and a $31.1 million surplus to LA County.

Tejon Ranch, Calif. (May 17, 2017) – The County of Los Angeles has released the Draft Environmental Impact Report (DEIR) for Centennial at Tejon Ranch. The public will have 60 days to review and comment on the document. Centennial at Tejon Ranch is a master planned community that will offer a wide array of housing, business park/office, commercial, schools, natural open space, and other public services and amenities. It is a self-sustaining community where working families can affordably live, work, and play.

At buildout, Centennial will bring 30,000 permanent jobs to the area, and 25,000 construction jobs. This will result in a $31.3 million annual public revenue surplus for Los Angeles County.

“Centennial implements the vision for the Antelope Valley Area Plan,” said Greg Medeiros, Vice President of Community Development for Tejon Ranch Co. “Inclusion and transparency are at the forefront of this project, and the AVAP has made it possible for the residents to work one-on-one with us to help develop the plan for Centennial.”

In 2015, the County of Los Angeles adopted the Antelope Valley Area Plan (AVAP), which provided a balanced plan of economic opportunity and conservation. The AVAP designates Centennial in the westerly Economic Opportunity Area and it includes land use and zoning for residential, commercial, and light industrial development, as well as significant conserved open space.

For more than a decade, the Centennial team has proactively reached out to the surrounding communities, giving updates on the progress of the project. They have presented to numerous Town Councils, hosted workshops where they have reviewed every aspect of the project, and sought input from the community.

“We take pride in the strong relationships we’ve built with the local community,” said Nathan Keith, Director of Planning for Tejon Ranch. “From Town Councils to public meetings, we made sure all the communities surrounding Centennial were continuously in the loop and had input in our plan.”

The DEIR is set for a 60-day public review, which is longer than the minimum 45-day review required by state law. This will allow members of the public time to read through the document and submit their comments to the County. Once the comment period closes, all comments will be reviewed and responded to in the Final EIR.

About Tejon Ranch

Located along Interstate 5 approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield, the 270,000-acre ranch is the largest single piece of private property in the state. At 422 square miles, it is just about as large as the City of Los Angeles. Tejon Ranch Company is developing several master planned residential communities, including a fully-approved mountain resort community known as Mountain Village at Tejon Ranch, and Grapevine at Tejon Ranch, a master-planned community that was unanimously approved by the Kern County Board of Supervisors last December.

About Centennial

Centennial will consist of homes ranging from estate to small lot single-family detached residences, multi-family attached residences, including townhomes, condominiums, and apartments.  Centennial is situated in the northwestern portion of the Antelope Valley. The project site is strategically located approximately 50 miles south of Bakersfield, 5 miles east of Gorman, 36 miles west of Lancaster, and 35 miles north of Santa Clarita.

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JUST IN TIME FOR SPRING TEJON RANCH LAUNCHES 2017 EXPLORER MEMBERSHIP PROGRAM

Exclusive membership gives members access to more than 25,000 acres of breathtaking landscapes and extensive outdoor activities

TEJON RANCH, Calif. (March 20, 2017)– Tejon Ranch Co. (NYSE: TRC), a fully diversified integrated real estate company and agribusiness whose principal asset is California’s historic Tejon Ranch, today announced the spring launch of its Explorer Membership Program for 2017.  For the second year in a row, members will have year-round exclusive access to thousands of acres of pristine land and a wide range of outdoor activities.

The Ranch is home to the largest and most significant private conservation agreement in California, covering 240,000 acres. Deep agricultural roots at the Ranch abound, with more than 1,400 acres devoted to vineyards in two locations and more than 3,000 acres dedicated to almond and pistachio trees. Diverse business operations include a thriving commercial real estate development, the Tejon Ranch Commerce Center, and the popular Outlets at Tejon. Several large-scale mixed use residential communities are also planned for the property, including Mountain Village at Tejon Ranch. Located about an hour from the Los Angeles metropolitan area, this residential/resort community is intended to be an upscale and close-by retreat from urban living.

Tejon Ranch spans 270,000 acres and is the largest single piece of private property in California.  At 422 square miles, it is just about as large as the City of Los Angeles and about 40 percent the size of Rhode Island.

“Spring is the perfect time to officially launch the Explorer Program, opening our gates so visitors can enjoy what Tejon Ranch has to offer,” said Barry Zoeller, vice president of corporate communications and investor relations at Tejon Ranch. “With winter gone and spring here, Tejon Ranch is bursting with wildflowers, new wildlife, and a chance for visitors to explore and experience our rolling hills and pristine valleys, all the while enjoying a wealth of outdoor activities.”

The Explorer Membership Package will provide access to more than 25,000 acres on the southern portion of the ranch, an area featuring spectacular landscapes and breathtaking views; vibrant wildflower fields, oak-studded hillsides, steep canyons and broad valleys. Members will be able to enjoy mountain biking, hiking, picnicking, wildlife and landscape photography and viewing, SUV trail driving, fishing, star-gazing and horseback riding. Members who want to spend more than a day at the ranch will have access to overnight accommodations at three cabins within the Explorer area as well as RV and trailer dry camping at the Crane Canyon Campground.

The annual fee to join is $3,500 per member. This fee includes spouse and dependents under 30 years of age with member present, as well as 10 guest passes each valid for 24 hours, or five passes each valid for 48 hours. Up to five additional 24 hour or 48-hour guest passes can be purchased per year.

For more information regarding the Explorer Membership Program, visit the Tejon Ranch website.

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About Tejon Ranch Co.

Tejon Ranch Co. (NYSE: TRC), is a diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield.   More information about Tejon Ranch Co. can be found online at http://www.tejonranch.com.

Forward Looking Statements:

The statements contained herein, which are not historical facts, are forward-looking statements based on economic forecasts, strategic plans and other factors, which by their nature involve risk and uncertainties.  In particular, some of the factors that could cause actual results to differ materially are the following: business conditions and the general economy, future changes to primary home and secondary home markets, future changes to development costs, the ability to obtain various governmental permits, interest rates, and other risks inherent in real estate businesses.  For further information on factors that could affect the company, readers should refer to the company’s filings with the Securities and Exchange Commission.

Tejon Ranch Media Contact:

Christine Rombouts, crombouts@newgroundco.com, 949-631-1557 / Photos available upon request.

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